Subject: Re: Unite Group (UTG), UK, falling knife.
One does indeed wonder. IMHO it is one of the lowest hanging fruits in the real estate market right now.

If you had $3 billion, you could buy it, sell off all the buildings over 2-3 years for 5-10% below book, and double your money.

On top of that, you could relist the residual building management business as a new business *and* cash in the debt/energy hedges for another bonus.

TRS